Araştırma Makalesi

Sunk Cost Effect: Being a Prisoner of Past Decisions

Cilt: 4 Sayı: 1 30 Haziran 2020
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Sunk Cost Effect: Being a Prisoner of Past Decisions

Öz

If the conditions have changed, changing the decision may increase future benefit. However, people allow the influence of current decisions from previous investments. This is described as sunk costs. The aim of this study is to explain the sunk cost effect. Two hundred ninety-four managers working in the public/private sectors were reached by easy sampling. Participants were asked about three hypothetical scenario. Chi-square and correlation analyze were used in the analyzes. In Scenario 1, 64% of the participants made a rational decision and chose the Bodrum Holiday. In Scenario 2 and 3, the participants were observed to be affected by the sunk-cost effect. In the case of a high level of investment, 91.8% of the participants decided to continue the project by sunk cost effect while in the case of low-level investment 46% of the participants decided to stop the investment. In addition, the intention to avoid wasting resources was found to be effective in the sunk cost effect.

Anahtar Kelimeler

Kaynakça

  1. Arkes, H. R., & Blumer, C. (1985). The Psychology of Sunk Cost. Organizational Behavior and Human Decision Processes, 35, 124-140.
  2. Bornstein, B. H., & Chapman, G. B. (1995). Learning Lessons from Sunk Costs. Learning of Experimental Psychology, 1(4), s. 251-269.
  3. Braverman, J. A., & Blumenthal-Barby, J. (2012). Assessment of the Sunk-Cost Effect in Clinical Decision-Making. Social Science& Medicine, 75, s. 186-192. doi:10.1016/j.socscimed.2012.03.006
  4. Coleman, M. D. (2010). Sunk Cost, Emotion, and Commitment to Education. Curr Psychol, 29, s. 346-356. doi:10.1007/s12144-010-9094-6
  5. Cunha Jr., M., & Caldieraro, F. (2009). Sunk-Cost Effects on Purely Behavioral Investments. Cognitive Science, 33, s. 105-113. doi:10.1111/j.1551-6709.2008.01005.x
  6. Drucker, P. F. (2009). Büyük Değişimler Çağında Yönetim. (Z. Dicleli, Çev.) İstanbul: Optimist Yayınları.
  7. Duxbury, D. (2012). The British Accounting Review, 44, s. 144-156. doi:http://dx.doi.org/10.1016/j.bar.2012.07.004
  8. Emich, K. J., & Pyone, J. S. (2018). Let It Go: Positive Affect Attenuates Sunk Cost Bias by Enchancing Cognitive Flexibility. Journal of Consumer Psychology, 28(4), s. 578-596. doi:10.1002/jcpy.1030

Ayrıntılar

Birincil Dil

İngilizce

Konular

İşletme

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

30 Haziran 2020

Gönderilme Tarihi

7 Ocak 2020

Kabul Tarihi

28 Mart 2020

Yayımlandığı Sayı

Yıl 2020 Cilt: 4 Sayı: 1

Kaynak Göster

APA
Bayramoğlu, G. (2020). Sunk Cost Effect: Being a Prisoner of Past Decisions. Econder Uluslararası Akademik Dergi, 4(1), 72-93. https://doi.org/10.35342/econder.671750
AMA
1.Bayramoğlu G. Sunk Cost Effect: Being a Prisoner of Past Decisions. Econder. 2020;4(1):72-93. doi:10.35342/econder.671750
Chicago
Bayramoğlu, Gökben. 2020. “Sunk Cost Effect: Being a Prisoner of Past Decisions”. Econder Uluslararası Akademik Dergi 4 (1): 72-93. https://doi.org/10.35342/econder.671750.
EndNote
Bayramoğlu G (01 Haziran 2020) Sunk Cost Effect: Being a Prisoner of Past Decisions. Econder Uluslararası Akademik Dergi 4 1 72–93.
IEEE
[1]G. Bayramoğlu, “Sunk Cost Effect: Being a Prisoner of Past Decisions”, Econder, c. 4, sy 1, ss. 72–93, Haz. 2020, doi: 10.35342/econder.671750.
ISNAD
Bayramoğlu, Gökben. “Sunk Cost Effect: Being a Prisoner of Past Decisions”. Econder Uluslararası Akademik Dergi 4/1 (01 Haziran 2020): 72-93. https://doi.org/10.35342/econder.671750.
JAMA
1.Bayramoğlu G. Sunk Cost Effect: Being a Prisoner of Past Decisions. Econder. 2020;4:72–93.
MLA
Bayramoğlu, Gökben. “Sunk Cost Effect: Being a Prisoner of Past Decisions”. Econder Uluslararası Akademik Dergi, c. 4, sy 1, Haziran 2020, ss. 72-93, doi:10.35342/econder.671750.
Vancouver
1.Gökben Bayramoğlu. Sunk Cost Effect: Being a Prisoner of Past Decisions. Econder. 01 Haziran 2020;4(1):72-93. doi:10.35342/econder.671750

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